Ex-Oracle President Joins InforBy Jessica Davis | Posted 2010-10-26 Email Print
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Business applications provider Infor scored a big coup by hiring ex-Oracle president Charles Phillips as its new CEO on the eve of introducing its next generation of software.
Business applications provider Infor scored a significant executive coup, hiring Charles Phillips as CEO and member of the board of directors of the Atlanta-based company.
Phillips most recently served as president and director of Oracle Corp., vacating that seat and making room for Oracle’s ultimate appointment of ex-HP CEO Mark Hurd.
Phillips’ 20 years of experience in the software industry includes his Oracle experience and work there on acquisitions, including BEA Systems, Hyperion Solutions and Siebel Systems.
"Infor has quietly built the third largest enterprise applications company in the world, with 59 percent compound annual revenue growth over the last seven years, higher margins than eight of the top 10 application companies, and a track record of leading innovation," said Phillips, in a statement. "With over 70,000 customers in 125 countries, including divisions of large corporations, Infor is poised for growth as the next generation platform ships in January."
Infor, with Phillips at the helm, is not so quiet anymore.
"The company's laser focus on understanding and automating complex business processes, along with its commitment to constant innovation, has served customers well," Phillips said. "I am eager to lead this proven team of over 8,000 employees through its next phase of growth. In a consolidating industry, Infor has proven acquisition expertise, having successfully integrated over 70 companies."
Infor said that its current chairman and CEO, Jim Schaper, will remain chairman of the company, and continue to play a critical role in the company's strategic development. Schaper will continues to serve as a senior operating partner at Golden Gate Capital, Infor's primary shareholder.